Member Info for marc001

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Trev - I did enough research to know your bitter and either sat a paper loss or crystallised. No doubt your now here to try and encourage others to sell at a loss so you can feel better about yourself. Otherwise, why else would you be here? There's no saints on these BB's looking to 'save people' from themselves - everyone's got an agenda...

Sorry, unlike you I dont have loads of time on my hands.

TrevorBrooking post, June 2020: "I have been invested in Bushveld for a couple of years with an average buy in price of 31p".

Ouch, no wonder your bitter TrevorBrooking, my average is 9.5p on ISA and 7.5p on the SIPP, so maybe that's why we dont think the same.

TrevorBrooking - most people who post on here have multi-year investment timeframes (i.e we dont care about what the short term forecast is)

Ah - Broker forecasts, always accurate aren't they...

Strange how they all appear to diverge quite a bit from each other.

We're in a bear market, everything looks pessimistic at the bottom. Wait for the Bull market for commodities, you reckon they will be as conservative then? Nope me, neither.

TrevorBrooking - Codejunkie is quite correct, you do not have the stomach for AIM, so rather than bleat on about SP this and SP that, run along now and get yourself a low volatility index tracker.

AIM is what it is - a volatile beast designed to take your money - the only question is, are you going to be a victim or a victor?

AIM investing short term (1-2 years) = Gambling

AIM investing long term (3-5+ years) = Investing

KNOW THE DIFFERENCE.

Two Choices:

- Block out the volatility and ride it out

- Sell at or close to the bottom

The first option might feel good at first to take the pain of watching the SP drop away at first, but if we then rapidly appreciate upwards later in the year, it will haunt you...

Each to their own, personally I'd only sell if I needed the money short term, but I'm not offer FA. DYOR.

Haha, love it - brilliant post!

They will be laughing all the way to the bank when this ship turns.

Probably Baker Steel adding to their position, they were well above 19m before they sold it off last year so doubt they will be done accumulating if that’s what’s going on here (especially as PI’s will be capitulating shares on the cheap right now).

Cindercone - oh but he has hasn't he, none of you trolls want to acknowledge the fact Baker Steel have recently added another circa 19m shares after they sold out of the fund around April last year. It's right there in black and white for all to see on the link that was shared.

Now, why on earth would they chose to do that. No, no your right - you know better don't you...

Agree HarChris, their sole purpose is to try to break the will of us LTH's using the falling SP as their narrative, however they don't understand the strength of willpower of those like us that truly believe in BMN's business, it's progress over the years and the bright future we believe is ahead.

I'm in the same camp - I'd have sold up and walked away ages ago if it wasn't for the progress I'd seen made. Instead, I block out this short term volatility and like all things, eventually this will pass too. May add again also, but only if we go really silly low, if not on the way back up.

Ahem! All this negativity, and yet, Baker Steel appear to have recently added almost 19m shares from zero. Now, why would they go ahead and do that if it's all going to hell in a handbag...

Explain that one Trolls. Oh wait, you cant, best make something else up to be negative about in the hope 'we forget'.

Sanctions are always a risk, reasonable to bring this up. How much of a risk to BMN specifically I wonder?

If the US can’t get their V from Evraz due to Russian sanctions, it would seem crazy to cut off their supply from SA also. Not beyond possibility mind, everything needs to be considered.

It wouldn’t be as lucrative, but I assume BMN could simply sell outside of the US and get by. Where else do they or have they sold to globally in the past?

The more I look at that 4-6p range and compare it with a Wyckoff accumulation chart, the more that range we have been in since Oct after the steep downtrend looks like accumulation by large players.

Then when we see that Baker Steel have recently re-added to their previously sold off position, the more it makes sense.

For me though when we hit 4p end of Sept, that SC (selling climax) was nailed on exactly 4p - on the nose. Adds to the theory here, as if they were planning accumulation they would halt selling at a fixed point to begin the accumulation range.

Where do I think we are now? Phase C, known as ‘spring’, which is designed to shake participants out of their position ahead of a change of trend. It’s there to make you believe the downtrend will continue - and it might, I’m not going to guarantee my theory is correct here because I cant. I can only go on what I personally see and believe in.

Just my take on it, others can agree or disagree. DYOR.

All time VWAP appears to be 4.33, make of that what you will.

“Do you consider this variety of options could possibly have an impact upon the current SP due to the difficult predictability to assess when the debt will be repaid“

If you don’t think this scenario isn’t priced in and more I can’t help you, there are explorers priced above our SP.

Edit on below: (as in still invested)

AIM isn’t for everyone, to stay ‘in the game’ you have to have the right mindset. You have to believe in what your investing in and stay the path, no matter how hard it gets.

Alter your mindset, make it in un-changeable by anyone and you can literally achieve anything.

I wonder how many will be around (as I’m still invested) to see 16p + share price here? Much fewer than you’d imagine, most will be tempted to sell at breakeven (if they are lucky to below 16p average).

Institutions sell out higher and then re-buy back in lower (essentially causing the sell off from circa 12p down) and the Trolls blame Fortune. Yeah right, haha.

It’s just big money rinsing retail - nothing new to AIM.